MERC FY 2018 Earnings Report — Mercer International Inc. Revenue & Financial Results | Market Cap Arena

Mercer International Inc.MERC

FY 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.2B	—	24.7%
Op. Income	$268M	—	$167M	—	60.3%
Gross Margin	22.6%	—	18.5%	—	4.1pp
Net Margin	8.8%	—	6.0%	—	2.8pp
EPS (Diluted)	$1.96	—	$1.08	—	81.5%
Free Cash Flow	$149M	—	$82M	—	81.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$61M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$1.2B
OPERATING INCOME	$268M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$177M
Income Tax Expense	$49M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$97M
EBIT	$271M
EBITDA	$367M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$61M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$1.2B
OPERATING INCOME	$268M
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$177M
Income Tax Expense	$49M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$97M
EBIT	$271M
EBITDA	$367M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$97M
Stock-Based Compensation	$4M
Deferred Income Tax	$17M
Other Non-Cash Items	$25M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$237M
Capital Expenditure	-$88M
Acquisitions (Net)	-$380M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$445.0K
NET CASH FROM INVESTING	-$467M
Net Debt Issuance	$69M
Common Stock Repurchased	$0
Common Dividends Paid	-$41M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	$15M
FREE CASH FLOW	$149M
Net Change in Cash	-$220M

Balance Sheet

Item	Amount
Cash & Equivalents	$240M
Short-Term Investments	$0
Net Receivables	$253M
Inventory	$304M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$811M
PP&E (Net)	$1.0B
Goodwill	$18M
Intangible Assets	$54M
Long-Term Investments	$63M
Tax Assets	$1M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.0B
Account Payables	$36M
Short-Term Debt	$0
Deferred Revenue	$7M
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$195M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$93M
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.4B
Common Stock	$65M
Additional Paid-In Capital	$342M
Retained Earnings	$302M
Treasury Stock	$0
Accum. Other Comp. Income	-$128M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$581M
Minority Interest	$0
TOTAL EQUITY	$581M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$1.1B
Net Debt	$839M